Goldsmith: ‘Big data’ to reinvent government
While some Americans question the National Security Agency’s habit of amassing citizens’ phone records, former Indianapolis Mayor Steve Goldsmith urges city governments to dive into “big data.”
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Public broadcasters find cheaper, faster way to share content
The state’s eight public TV stations are building an Internet-based video streaming service that could expand their offerings and turbo-charge collaborations. Public radio stations also would benefit.
Tech showcase crowns unlikely winner in pitch contest
Emphymab Biotech, with a treatment for emphysema developed by a group of Indiana University medical professors, received the top prize at the Innovation Showcase on Thursday.
Salesforce.com wraps up $2.5B acquisition of ExactTarget
Cloud computing giant Salesforce.com paid $33.75 per share to acquire ExactTarget. The price was roughly 6.5 times ExactTarget’s projected revenue for 2013, analysts said.
Firm uses ‘causality’ to improve Internet searches
Allegient LLC and subcontracted IUPUI informatics experts wrote algorithms that go beyond word searches to look for “causality”—relationships between words suggesting one thing caused another.
BidPal, on a roll, doubles space
The world of philanthropy, where shoestring budgets dominate, is nonetheless proving lucrative for BidPal Inc., a 108-employee company led by tech veteran Scott Webber. The company saw revenue rocket from $1.8 million in 2010 to $10.2 million last year, making it the city’s second-fastest-growing private company, according to IBJ’s annual list.
Three other firms courted Indy’s ExactTarget before Salesforce landed prize
At least three other companies pursued the Indianapolis digital marketer amid its courtship with San Francisco-based Salesforce.com, which led to a $2.5 billion buyout announced June 4.
Data-hosting firm Axia to add up to 45 jobs
The Indianapolis-based company will invest $2.8 million to expand its downtown headquarters and open a data center in Columbus, Ind.
Broad Ripple telecom firm plans big growth, 183 jobs
Founded in 2007 by Purdue University students, Weeks Communications has established a new headquarters in Broad Ripple and plans to invest $4.1 million as it aggressively hires new employees.
Interactive Intelligence shares soar after forecast upgrade
The tech firm’s shifting emphasis toward cloud services has boosted sales and profits. Strong results for the first quarter lifted its stock as much as 20 percent Tuesday.
Brown, Interactive Intelligence among Mira winners
BidPal picked up two awards at TechPoint’s annual event, which drew 1,000 to the JW Marriott downtown Saturday night.
Tech firm moves downtown, plans big expansion
Explosive sales growth and the desire to recruit young, energetic employees has led 5-year-old Axia Technology Partners to move downtown as it prepares to double its workforce this year.
Indianapolis software firm plans to add 95 jobs by 2016
Tinderbox said it is boosting its work force as part of a $540,000 expansion of its cloud-based IT business.
COTA: Online Smartz helpful in keeping kids cyber safe
If your privacy settings aren’t carefully controlled, you’re not only potentially exposing yourself, but also your friends.
First Internet Bank leverages online roots
The Indianapolis-based bank, launched just 14 years ago, is reaching all-time highs in assets and profitability and plans to become a $1 billion institution by 2015.
Finish Line pulls plug on new website
The Indianapolis-based chain rolled out a new FinishLine.com four days before Black Friday. But glitches and customer complaints forced it to revert to the legacy version Dec. 6.
Bankrupt Omnicity acquired for $876,000 by four investors
The deal, approved last month by the U.S. Bankruptcy Court in Indianapolis, gives the investors, whose company is called Broadband Networks Inc., Omnicity’s 38-person operation, based in Rushville, as well as its 270 Internet towers around Indiana and Ohio.
Rapid rise of ExactTarget uplifting for young techies
In just over a decade, the interactive marketer has rocketed from bootstrapped startup to New York Stock Exchange-listed company with a market value of $1.5 billion.
Digital marketing firm starts landing big clients
Former Google manager returns to roots to launch FoundSM.
Eli Lilly aims to ramp up social media presence
The drugmaker recently drafted social media guidelines it hopes can help it expand its use of social media to more of its employees—without running afoul of regulators.